Global macroeconomic developments and poverty

In the second half of the 1990s, a series of developments led to a renewed academic and policy interest in the intersection of macroeconomic policy and poverty issues in developing countries. The focus of that work was domestic macroeconomic policies. This paper, however, focuses on the internationa...

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Autor principal: Díaz-Bonilla, Eugenio
Formato: Artículo preliminar
Lenguaje:Inglés
Publicado: International Food Policy Research Institute 2008
Materias:
Acceso en línea:https://hdl.handle.net/10568/160512
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author Díaz-Bonilla, Eugenio
author_browse Díaz-Bonilla, Eugenio
author_facet Díaz-Bonilla, Eugenio
author_sort Díaz-Bonilla, Eugenio
collection Repository of Agricultural Research Outputs (CGSpace)
description In the second half of the 1990s, a series of developments led to a renewed academic and policy interest in the intersection of macroeconomic policy and poverty issues in developing countries. The focus of that work was domestic macroeconomic policies. This paper, however, focuses on the international dimension and discusses the links between global macroeconomic conditions and poverty in developing countries since the 1960s. Of course, when analyzing policy impacts, both domestic and international aspects must be considered. However, debates about domestic policies, macro or otherwise, and their impacts on poverty cannot provide an accurate analysis of developing countries' alternatives and predicaments if they ignore the role, in many cases overwhelming, of external factors. That is the story this paper tries to tell. The objectives here are to present an overview of trends and cycles in the world economy, to summarize the events of the last half century in view of the current concerns about the likely economic slowdown in the United States and other industrialized economies, and to assess the possible repercussions on the rest of the world. The hope is that the paper will serve as background material for developing countries to better characterize potential scenarios and properly define policy options for the coming years, which look like they will be far less benign than the recent past.
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spelling CGSpace1605122025-11-06T06:25:42Z Global macroeconomic developments and poverty Díaz-Bonilla, Eugenio macroeconomics poverty development agriculture In the second half of the 1990s, a series of developments led to a renewed academic and policy interest in the intersection of macroeconomic policy and poverty issues in developing countries. The focus of that work was domestic macroeconomic policies. This paper, however, focuses on the international dimension and discusses the links between global macroeconomic conditions and poverty in developing countries since the 1960s. Of course, when analyzing policy impacts, both domestic and international aspects must be considered. However, debates about domestic policies, macro or otherwise, and their impacts on poverty cannot provide an accurate analysis of developing countries' alternatives and predicaments if they ignore the role, in many cases overwhelming, of external factors. That is the story this paper tries to tell. The objectives here are to present an overview of trends and cycles in the world economy, to summarize the events of the last half century in view of the current concerns about the likely economic slowdown in the United States and other industrialized economies, and to assess the possible repercussions on the rest of the world. The hope is that the paper will serve as background material for developing countries to better characterize potential scenarios and properly define policy options for the coming years, which look like they will be far less benign than the recent past. 2008 2024-11-21T09:50:59Z 2024-11-21T09:50:59Z Working Paper https://hdl.handle.net/10568/160512 en Open Access application/pdf International Food Policy Research Institute Bonilla, Eugenio Diaz. 2008. Global macroeconomic developments and poverty. IFPRI Discussion Paper 766. https://hdl.handle.net/10568/160512
spellingShingle macroeconomics
poverty
development
agriculture
Díaz-Bonilla, Eugenio
Global macroeconomic developments and poverty
title Global macroeconomic developments and poverty
title_full Global macroeconomic developments and poverty
title_fullStr Global macroeconomic developments and poverty
title_full_unstemmed Global macroeconomic developments and poverty
title_short Global macroeconomic developments and poverty
title_sort global macroeconomic developments and poverty
topic macroeconomics
poverty
development
agriculture
url https://hdl.handle.net/10568/160512
work_keys_str_mv AT diazbonillaeugenio globalmacroeconomicdevelopmentsandpoverty